Here's the post that went over Critter's head:
It was a good post that makes a lot of sense.
Quote:No achievement matters except finding treasure, yes?
I mean, sure, they've done things that are good and all. Like getting a recovery permit for Juno which hadn't been done in 30 years. With the state, partners and crew all going against the company and everyone saying it would never be done. They had to depose FBAR to make that happen. State employees were fired and demoted. Crew members were fired. Partners were sued and countersued. Pretty incredible really.
But what good does it do if they didn't produce treasure from that permit? Right?
True, Tulco and Judd Laird presented to Seafarer a mag survey with a large section removed that actually included where the treasure most likely rests. Why would Laird give a false map to the guy who's trying to make him rich? Greed. If Kyle could just get the permit and then give up after no treasure is found, Laird could then come in behind him and find it with a real map and not have to split the treasure. Of course I don't know Laird's motivations but that's the best I can figure. Anyway, Laird died and Seafarer now has the admiralty claim for Juno. But by that time they had moved on to Melbourne.
But no matter. No treasure, no achievement, right?
There has been a lot happening over the last 13 years but, for various reasons, treasure has not been one of them. And that really is all that matters for shareholders.
I could probably defend all of the companies actions over the years. We could squabble about details and excuses. Water conditions, boat problems, maps, surveys, employees, permits, state issues, artifacts found, online attacks, lots to debate.
But we are not Kyle. We are not Tim Reynolds. We are not Don Beavers. We are not the ex military crew members now working for Seafarer. They are the ones that matter, not online chatter yelling at the coach from the stands.
So arguments of what qualifies as achievements and how important they are just doesn't really matter to me.
What I see happening that is undeniable is this. The price has recovered from the trips after spending 3 years there. This recovery has not been overnight. It's taken over a year.
What do you think it takes to make a penny stock in the trips move up 1000-2000% and sustain that more than a year later? To me, that is significant. It tells me that there are investors buying who are buying a lot of shares and then holding those shares.
Also, while the outstanding shares count is huge, Kyle has stopped taking private placements. Kyle no longer selling shares is significant. This fact is all kinds of nothing but good.
Having Reynolds and Beavers come out and speak on the developments of the SeaSearcher is also significant. While they are keeping the specs close to the vest, what they are saying is impressive. These are people who are accomplished successful people. These are the people the serious investors are talking to when they are deciding to invest or not.
And those investors are impressed enough that they then go buy shares and hold on to them. And they've bought enough shares that Kyle is no longer selling them direct.
An image of the SeaSearcher was posted on this site from their patent/trademark application. Did the company put that image out there? No. If this was all 'huff puff' they would be touting it left and right. But that is not what they are doing. Why? Because they are developing a tech that they want to keep secret as much as possible. Just like a real company would be doing with valuable technology.
So all of this has happened over the last year to 18 months. And then in December Kyle comes out and says the first quarter will be huge for the company, a turning point. I can only read that as finding treasure.
You have the investments, the development of the new tech and now the CEO says we will have something significant in the first quarter.
Ask yourself, what would it look like if Seafarer was developing a device that is tailored to finding treasure while also searching on a wreck site?
This is what it would look like. This is what is happening.
It was a good post that makes a lot of sense.
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